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Europe’s heatwaves threaten insurers’ earnings, rating agency S&P says

The Guardian World Tuesday 25 August 2026, 04:00 UTC By Kalyeena Makortoff Banking correspondent 1 min read
Key Points

Rise in claims linked to heat-related deaths and illness, especially among older people, could drive up premiumsEurope’s intense heatwaves could hit insurers’ earnings as companies face a rise in claims linked to heat-related deaths and worsening health conditions, the rating agency S&P has said. While a long summer of extreme heat will have increased drought and wildfire-related claims, the rating agency said there would also be fallout for life and health insurers, and for the...

Rise in claims linked to heat-related deaths and illness, especially among older people, could drive up premiums

Europe’s intense heatwaves could hit insurers’ earnings as companies face a rise in claims linked to heat-related deaths and worsening health conditions, the rating agency S&P has said.

While a long summer of extreme heat will have increased drought and wildfire-related claims, the rating agency said there would also be fallout for life and health insurers, and for the reinsurers who provide financial protection to insurance companies.

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Originally published by The Guardian World Read original →

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